A few stocks, including some of the ones below, are being classified as COVID-19 stocks because of their potential to rise even as the pandemic worsens.
Amazon could buy a company like Zoom or Slack and replace its Chime app. Such an acquisition may help Amazon immediately increase its user base and at the same time focus on infrastructure. AMZN stock is up in the pre-market.
Though it’s probably too early to speak about it, but the Disney takeover by Apple seems to be quite real these days. Disney (DIS) stock is rising in the pre-market today.
Today’s pre-market rise of Apple (AAPL) stock follows its CEO’s announcement about designing and producing face shields for medical workers. The company is already in the process of donating over 20 million masks to healthcare professionals.
As there finally appeared some positive news about the coronavirus cases, the global markets started to react. Today in the pre-market, Dow futures have gained 837 points already.
President Donald Trump invoked the Defense Production Act to ban “unscrupulous actors and profiteers” from exporting critical medical gear used to protect wearers from the coronavirus. 3M stock price went down.
Tesla has begun to retrench its contract workers in the U.S. But not all news from Tesla can be viewed as negative. TSLA stock is in the green while stocks of many other companies are down.
3M is facing turbulence as the Trump administration meddles with its operations, making MMM stock unpopular among investors despite their products being involved in the fight against COVID-19.
Bank of America (BAC) has opened its small business loan portal. This comes as its stock is down in the market due to the COVID-19 situation.
Tesla reported much better Q1 deliveries than Wall Street could expect due to the risks associated with coronavirus. TSLA stock is up.
Amazon is taking measures to protect workers from novel coronavirus. Amazon (AMZN) stock has continued to rise to pick up from yesterday’s levels.
Apple is set to introduce its newest budget iPhone SE. However, today in the pre-market, AAPL stock wasn’t rising as it could have been expected.
Luckin Coffee’s investors “should no longer rely upon” its previous financial statements over the last three quarters of 2019, as the figures have been faked by its COO Jian Liu.
Disney (DIS) stock manages to gain over 2% yesterday. However, today in the pre-market, it is falling. Disney+ is entering India.
While businesses like Zoom and Peloton have witnessed a massive surge in its user-base, popular short-seller Jim Chanos says that one must study these companies fundamentals before investing in them rather than going with the wind.